Tag Archives: Kasaija

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has said Uganda’s mineral and agriculture sector have the potential to spur the country’s economy to match some of the top countries in Africa. “Our aim is to catapult the economy from USD 55 billion to USD 500 billion in the near …

Kampala, Uganda | THE INDEPENDENT |  The Minister of Finance, Planning and Economic Development, Matia Kasaija says the government will strive to achieve double-digit economic growth. Economic growth refers to an increase in the aggregated production and market value of economic commodities and services in an economy over a specific …

Kampala, Uganda | THE INDEPENDENT | For many Ugandans, the thought of beer conjures warm memories, cheers with friends, or a cold drink at the end of a long day. However, they will in the next financial year dig deep into their pockets to have their favorite drink as the …

Excise duty ✅ Increase excise duty on petrol by Shs 100 per litre. ✅ Increase excise duty on diesel by Shs 100 per litre. ✅ Increase excise duty on imported wines from 80 percent or Shs 8,000 per litre to 100 percent or Shs 10,000 whichever is higher Winners ✅ …

✅FY 2024/25 is the 5th & final implementation year of NDP3. NDP4 will implement the first 5 years of the strategy for growing the economy 10-fold. ✅The economy sustained recovery from the effects of COVID-19,growing at about 6% in FY 2023/24,compared to 5.3% in FY 2022/23 & 4.6% in FY …

Seoul, South Korea | THE INDEPENDENT | Uganda and the Republic of Korea signed a $500 million (Shs1.9 trillion) loan Framework Agreement, marking a significant boost to bilateral relations and economic cooperation. The signing ceremony, coinciding with the conclusion of the First Korea-Africa Summit, took place at the Korean Ministry …

The government is committed to investing in the population through various vehicles including the Parish Development Model Kampala, Uganda | THE INDEPENDENT | Uganda’s government, in collaboration with development partners, has long focused on wealth creation initiatives among the population. However, Finance Minister Matia Kasaija believes these efforts can achieve significantly …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning, and Economic Development will today launch the National Budget Month 2024/2025, to give the context around the 72 trillion budget for next year. The Budget Month events are part of the ministry’s compliance with the Public Finance Management Act …

Kampala, Uganda | THE INDEPENDENT | This Ministry of Finance, Planning, and Economic Development has issued a fresh warning on government performance next financial year, citing the increased financial risks. This, the Fiscal Risk Statement warns, is likely to reverse the recent economic gains and disrupt the external debt reduction plans …

Kampala, Uganda | THE INDEPENDENT | Matia Kasaija, the Minister of Finance, Planning, and Economic Development has underscored the importance of Uganda’s oil and gas exploration, emphasizing an unwavering commitment to the project’s seamless progression. During a visit to the Kingfisher Development Area (KFDA) in Buhuka village, Kyangwali sub-county in Kikuube district …